It's been quite a stir in the world of delivery services. The Consumer Financial Protection Bureau (CFPB) has slammed Walmart and the fintech company Branch Messenger with a lawsuit. The accusation? Forcing over a million delivery drivers to use pricey deposit accounts to get their paychecks without
We've all heard about big-name stores struggling, and now, The Container Store is the latest to face challenges. The 46-year-old retailer filed for bankruptcy to improve its financials, kickstart growth, and boost long-term profits. It owes around $230 million but has only $11. 8 million in cash. Fo
The United States has started an investigation into China's methods of supporting its semiconductor industry. This probe comes just before a new president takes office and focuses on what Washington calls "foundational" chips. These chips are used in various industries like cars, healthcare, and inf
Nordstrom, a century-old department store, is about to be taken private by the Nordstrom family and a Mexican retail group. This $6. 25 billion deal is a significant move in a tough retail landscape dominated by discount chains and online giants like Amazon. The family behind the brand believes that
Imagine two of Japan's biggest carmakers, Nissan and Honda, joining forces to become the world's third-largest automaker. This isn't just a dream; it's a plan they're seriously considering over the next six months. Why the sudden team-up? Well, the auto industry is changing fast, with electric cars
The Biden administration has started a trade investigation into China's production of older-type computer chips, which are crucial for cars, appliances, telecom networks, and military equipment. This move could lead to tariffs or other measures to restrict Chinese chips from the U. S. market. China
Imagine boarding your flight without the usual airport chaos, thanks to flydubai's new Business Class Lounge at Dubai's Terminal 2. This spacious 900-square meter lounge isn't just a place to wait, but a sanctuary designed with desert dunes and warm tones in mind. It's a spot where you can relax, wo
For decades, Party City has been the go-to place for party supplies, from Halloween costumes to birthday favors. But recently, the retailer announced it's shutting down nearly 700 stores nationwide. The company filed for Chapter 11 bankruptcy for the second time in two years, blaming tough economic
You might think that business is all about making money, right? But it turns out that doing good can also boost your earnings. Let's talk about how Chinese companies benefit when they focus on ESG (Environmental, Social, and Governance) performance. First off, what's ESG? It's like a report card fo
Two years ago, the launch of ChatGPT led many traders to fear that artificial intelligence (AI) would revolutionize businesses in ways that could cause massive disruptions. While the devastating fallout that some investors predicted hasn't yet materialized, worry persists. Recently, Adobe Inc. 's s
